Joint Ventures and Political Running Mates - It's the Economy, Stupid, That Usually Makes Them Work or not
Joint Ventures can be formed for various reasons, but first and foremost is usually to share the risks of the business venture and to save money. Whether the entities are formed in Palm Springs, Palm Desert, Indian Wells and La Quinta or in San Diego, California, La Jolla, Del Mar, Carlsbad, or San Marcos, in Orange County, CA cities such as Anaheim, Irvine, Newport Beach or Santa Ana, in the Inland Empire, or the Central Coast, the reasons for hiring a joint venture attorney to facilitate the joint venture are usually the same. If there is synergy between the two entities forming the joint venture, they can build on each other's strengths. The same is often true in politics. But the economy trumps everything, both in business and politics.
Today's most exciting and most talked about joint ventures are not between corporations. With the credit crisis, corporations are unable to obtain the credit to finance new ventures, and are looking to other companies for the resources they may have. Unfortunately, many corporations in this economic crisis are simply hunkering down and holding onto what cash they have.
No, today's most exciting joint ventures are in politics. That's right the joint venture between John McCain and Sarah Palin and the joint venture between Barack Obama and Joe Biden.
What has this got to do with the law, you ask? Plenty. First, of course the winning joint venture may decide the direction of America for the next four to eight years. But second, they are a good picture window into how joint ventures can work, or fail.
In the case of John McCain and Sarah Palin, you had the initial excitement when the joint venture was formed and there was a great deal of buzz about the combination. There was good synergy, and Sarah Palin seemed to offer what John McCain lacked, namely youth. Additionally, Ms. Palin was able to rally the staunch conservatives who previously had been less than enthusiastic about the Republican party's nominee.
However, with time, the enthusiasm for this joint venture has faded as so often happens with joint ventures. As Ms. Palin was vetted, she was found to have some baggage including something called Troopergate, in which pressure was allegedly brought to bear on a government employee to fire the ex-husband (a state trooper) of her sister. While a state legislature report found she did not violate any laws but may have acted unethically, this baggage did not pose any serious worries for the other half of the joint venture, John McCain.
It wasn't until weeks after sheltering Ms. Palin from the press, that she was allowed to finally give some interviews. These did not go well. Like an athlete who has lost their confidence, Ms. Palin stuttered and gave answers that made beauty contestants seem like geniuses. Her attempt to obtain some foreign policy experience by holding a succession of short meetings with world leaders at the U.N. seemed more like speed dating when those world leaders complimented her not on her foreign policy expertise but on her looks, with one world leader trying to get the press photographers to ask them to hug.
On the other hand, as is true with many joint ventures, Ms. Palin did, however, generate substantial energy among conservatives who, until her choice as a Vice Presidential running mate, had seemed lukewarm toward the Republican ticket.
In the joint venture between Barack Obama and Joe Biden, there was perhaps less enthusiasm than the Republican joint venture but a similar synergy of adding a vice presidential pick with the qualities Obama was thought to be lacking - in this case, Joe Biden's foreign policy experience.
Also similar to the Republican joint venture's failings, Joe Biden proved to make a number of embarrassing gaffes on the campaign trail. None were as severe as Sarah Palin's interview answers but neither did he seem to be adding the enthusiasm that Sarah Palin had at least rallied on the announcement of her name.
If, as polls currently suggest, the economy is going to decide this election, financial forces, as with most joint ventures, will determine which joint venture is successful and which will not. As the economy worsens, as bailout plans are passed and then criticized, the Obama-Biden joint venture is succeeding for being thought of as more knowledgeable and able to make change. The McCain-Palin joint venture on the other hand seems to be slipping downward day by day as McCain's efforts to help with the bailout plan appear misguided, and as both he and Ms. Palin become the stuff of late-night comedian monologues.
Joint ventures can be tricky and in the end, it's usually the economic conditions that either spell their success or failure.
If you have a corporate, business, joint venture or business fraud dispute in Irvine, Orange County, La Jolla, San Diego, in the Inland Empire, Los Angeles, Palm Springs or anywhere in Southern California, we have the knowledge and resources to be your Palm Desert Business Lawyer and your Irvine Business Attorney. Be sure to hire a California law firm with business, corporate and fraud litigation lawyers who can serve areas such as Los Angeles, Palm Springs, Palm Desert, Anaheim, Irvine, Newport Beach, Carlsbad, Corona del Mar, Laguna Beach, Huntington Beach, Santa Ana, Rancho Cucamonga, Ontario, Fullerton, Del Mar, San Diego, Orange County, San Luis Obispo, Buena Park, La Jolla, Oxnard, Ventura, La Quinta, and Santa Barbara so you are properly represented.
If you have a business, corporate or fraud litigation dispute of any kind, call the Law Offices of R. Sebastian Gibson, or visit our website at http://www.sebastiangibsonlaw.com and learn how we can assist you.
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The Sebastian Gibson Law Firm serves all of San Diego, Orange County, Palm Springs and Palm Desert, the Coastal Cities from La Jolla, Carlsbad and Del Mar to Laguna Beach, Newport Beach, Irvine, Santa Ana and up to Ventura, Oxnard, Santa Barbara and San Luis Obispo. We also serve the Inland Empire cities of Ontario, Rancho Cucamonga, Temecula, Riverside and San Bernardino and all the cities in the Coachella Valley and high desert, from La Quinta, Indio, and Coachella to Yucca Valley and Victorville.
Visit our website at http://www.sebastiangibsonlaw.com if you have a business, corporate, or business fraud matter of any kind. We have the knowledge and resources to represent you as your Irvine Business Lawyer and Palm Desert Business Attorney or your attorney in and around the cities of Palm Springs, Palm Desert, San Diego, Orange County, Corona del Mar, Newport Beach, Santa Ana, Laguna Beach, Anaheim, Riverside, Chula Vista, Irvine, San Bernardino, Huntington Beach, Fontana, Moreno Valley, Oceanside, La Jolla, Del Mar, San Marcos, Rancho Cucamonga, Ontario, Garden Grove, Palmdale, Long Beach, Corona, Yorba Linda, Escondido, Orange, Fullerton, Costa Mesa, Victorville, Carlsbad, Temecula, Murrieta, Mission Viejo, El Cajon, Vista, Westminster, Santa Monica, Malibu, Westwood, Hesperia, Buena Park, Indio, Coachella, Del Mar, Oxnard, Ventura, San Luis Obispo, Cambria and Santa Barbara.
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